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WEST 88TH ST EAST 88TH ST 1ST AVENUE 1ST AVENUE YORK 5TH AVENUE MADISON AVENUE AVENUE LEXINGTON COLUMBUS AVE COLUMBUS AMSTERDAM AVE AMSTERDAM WEST END AVE WEST WEST 87TH81ST ST ST EAST 87TH ST
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409-413 8TH AVENUEWEST 73RD ST EAST 73RD ST EAST 72ND ST NEW YORK, NY 1 2WEST3 72ND ST C B Q WEST 71ST ST EAST 71ST ST
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WEST 69TH ST EAST 69TH ST 1ST AVENUE 1ST AVENUE YORK 2ND AVENUE REQUEST FOR PROPOSALS FOR WEST 68TH ST 5TH AVENUE MADISON AVENUE 6 AVENUE LEXINGTON EAST 68TH ST WEST 67TH ST EAST 67TH ST
LONG-TERM LEASEHOLD INTEREST WEST 66TH ST 1 EAST 66TH ST
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WEST 50TH ST C E 1 EAST 50TH ST 5TH AVENUE MADISON AVENUE AVENUE LEXINGTON 3RD AVENUE 2ND AVENUE WEST 49TH ST N R EAST 49TH ST
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GRAND BUILDING INFORMATION 1 2 3 7 CENTRAL N Q R S 7 4 5 6 7 B D F M West side of 8th Avenue between WEST 42ND ST EAST 42ND ST Location: BRYANT West 30th Street and West 31st Street EAST 41ST ST PORT AUTHORITY PARK A C E Block / Lot: 754 / 39, 40, 41 WEST 40TH ST EAST 40TH ST
Lot Dimensions: 74.13 ‘ x 100’ WEST 39TH ST EAST 39TH ST 8TH AVENUE AVENUE OF THE AMERICAS AVENUE 7TH AVNUE PARK AVENUE PARK WEST 38TH ST EAST 38TH ST
Lot Area: 7,407 FDR RD
Existing Stories: low-rise (2-4) WEST 37TH ST EAST 37TH ST
Gross Square Footage: 18,073 WEST 36TH ST EAST 36TH ST
WEST 35TH ST N Q R W EAST 35TH ST Zoning: C6-3X (R9X Equivalent) B D F M HERALD SQUARE Commercial FAR: 6.00 WEST 34TH ST 1 EAST 34TH ST 7
WEST 33RD ST EAST 33RD ST 6 Residential FAR: 9.00 PENN STATION E A C 1 2 3 EAST 32ND ST Community Facility FAR: 9.00 HUDSON YARDS 66,663 (Residential & CF) WEST 31ST ST EAST 31ST ST Total Buildable SF: 44,442 (Commercial) WEST 30TH ST EAST 30TH ST
Assessment (20/21): $1,862,950 WEST 29TH ST EAST 29TH ST 11TH AVENUE RE Taxes (20/21): $196,298 1 N R EAST 28TH ST 6
EAST 27TH ST *All square footages are approximate and should be independently verified
WEST 25TH ST
MADISON C E WEST 24TH ST SQUARE For More Information, Please Contact Exclusive Agents: PARK EAST 23RD ST WEST 23RD ST 1 WEST 23RD ST Q R W 4 6
John F. Ciraulo Craig M. Waggner Mike Kavanagh J.P. Will WEST 22ND ST 1ST AVENUE 1ST LEXINGTON AVENUE LEXINGTON 2ND AVENUE 212 660 7700 212 660 7744 212 660 7765 212 660 7718 WEST 21ST ST 3RD AVENUE 10TH AVENUE 9TH AVENUE [email protected] [email protected] [email protected] [email protected] 5TH AVENUE WEST 20TH ST
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UNION WEST 16TH ST SQUARE PARK
A C E L WEST 15TH ST
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4 6 WEST 8TH ST
WAVERLY PL
WASHINGTON SQUARE PARK 409-413 8TH AVENUE NEW YORK, NY
HIGHLIGHTS • ±66,663 buildable SF as-of-right floor area • Opportunity to increase FAR to 20.0 under the Empire Station Complex and Penn Station Master Plan • Flexible C6-3X (R9X) zoning – ideal for commercial, residential, hotel and community facility use 409-413 • Exceptional Midtown West location just one block 8TH AVENUE from Madison Square Garden, Penn Stations new and improved Moynihan Train Hall and the Farley Post Office Building which is now home to Facebook. • Unrivaled transportation hub with NJ Transit, LIRR, PATH, Port Authority Bus Terminal and the 34th Street-Penn Station-Eight Avenue , 34th Street-Penn Station-Seventh Avenue and the 34th Street-Herald Square-Sixth Avenue and trains all converging directly surrounding the site.
SITE MAP
31ST STREET
BLOCK 754 41 40 39 9TH AVENUE 8TH AVENUE
30TH STREET
For More Information, Please Contact Exclusive Agents:
John F. Ciraulo Craig M. Waggner Mike Kavanagh J.P. Will 212 660 7700 212 660 7744 212 660 7765 212 660 7718 [email protected] [email protected] [email protected] [email protected] 409-413 8TH AVENUE NEW YORK, NY
PROPERTY DESCRIPTION Cushman & Wakefield has been exclusively retained by ownership to seek proposals from well-established and well-qualified developers for the sale of the 100% long-term leasehold interest in the development site at 409-413 8th Avenue, New York, NY (the “Site” or the “Property”).
The 74.13’ by 100’ lot (7,407± SF footprint) is located along the west side of 8th Avenue between 30th and 31st Streets. The lot is zoned C6-3X (R9X equivalent). There are currently three (3) 25’ wide, low-rise buildings totaling 18,073± SF on the site that can be vacated. The total ZFA for development as-of-right is approximately 66,663 square feet. However, the site has been identified amongst 9 other adjacent properties within Block 754 that fall within “SITE 1” of the proposed “Empire Station Complex” project which would provide developers with a major future up-zoning opportunity. While the existing C6-3X zoning offers unique flexibility and allows commercial, residential, hospitality and community facility use, the Proposed ESD Actions would override bulk, density, height limitations and potentially other requirements of the New York City Zoning Resolution. The Proposed Project Development Program for SITE 1 suggests an increase in FAR to 20.0, an expansive development program of well over 1.2 million square feet of office, hotel and retail and would include public transportation improvements and publicly accessible in-building connections.
Located in the heart of the Penn District, 409-413 8th Avenue is poised to benefit tremendously from the more than $50 billion of institutional capital that is being invested in Manhattan’s West Side as well as the migration of tenants from the Midtown Plaza District to Hudson Yards, Chelsea, the Meatpacking District, and the Penn District. The site is directly across the street from Madison Square Garden, Penn Station, and the Farley Building. Macy’s and the Herald Square shopping district are also within proximity to the site. Situated at the confluence of the thriving Midtown West, Manhattan West, Hudson Yards, Chelsea and Midtown neighborhoods, the Penn District is positioned to benefit significantly from the surge in both office and hotel demand which will boost an already established and strong retail corridor.
All inquiries should be directed to Cushman & Wakefield. No inspections of the property are permitted unless accompanied by the owners or a representative from Cushman & Wakefield. To sign a confidentiality agreement for more information, please contact our exclusive agents.
For More Information, Please Contact Exclusive Agents:
John F. Ciraulo Craig M. Waggner Mike Kavanagh J.P. Will 212 660 7700 212 660 7744 212 660 7765 212 660 7718 [email protected] [email protected] [email protected] [email protected]